Can I get an Amex with a 620 credit score? (2024)

Can I get an Amex with a 620 credit score?

There is anecdotal evidence of applicants with scores as low as the mid-600s being approved, but that's rare. Even for the American Express® Green Card (see rates and fees), a more beginner-focused travel card, a score of 670 or higher is probably necessary.

Will I get approved for a credit card with a 620 credit score?

You can definitely get approved for a credit card with a credit score of 620. However, you probably won't be able to qualify for credit cards that do not require an initial deposit, and may not qualify for some cards that offer perks such as cash back, airline and hotel points, zero percent interest, and no annual fee.

What is the minimum credit score for American Express?

In most cases, you need at least good credit to get approved for an American Express card, which FICO typically defines as a score of 670 or higher. Other banks also issue American Express cards.

Can I get an Amex with a 630 credit score?

Michael Battle, WalletHub Credit Card Analyst

You need a credit score of 700 or higher to get an American Express card, along with a steady income that enables you to afford the monthly bill payments.

Can I get an American Express card with a 600 credit score?

No, you cannot get an American Express credit card with a 600 credit score, which is considered bad credit. Most Amex credit cards require a credit score of 700 or better for high chances of approval. This means you need to have at least good credit to get an Amex credit card.

Is 620 a bad FICO score?

If you have an 620 credit score, you are generally considered a subprime consumer, but it won't necessarily prevent you from borrowing money. The average FICO credit score in the United States is 714 as of 2021, and scores within the 580-669 range are considered to be “fair” credit.

Can I get a $5000 loan with a 620 credit score?

With FICO, fair or good credit scores fall within the ranges of 580 to 739, and with VantageScore, fair or good ranges between 601 to 780. Many personal loan lenders offer amounts starting around $3,000 to $5,000, but with Upgrade, you can apply for as little as $1,000 (and as much as $50,000).

What's the easiest Amex to get approved for?

The easiest American Express cards to get are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest Amex cards to get because they only require good credit.

What is the easiest American Express card to get with bad credit?

Which Amex card is the easiest to get? The easiest Amex cards to get are ones with a lower minimum spending requirement for rewards, as well as a low annual fee or no annual fee. Examples include the Blue Cash Everyday Card from American Express and the American Express Cash Magnet Card.

Is Amex hard to qualify for?

To qualify for The American Express Platinum Card®, you'll usually need a good to excellent credit score. FICO® Score is one of the most commonly used credit scores, and it classifies credit scores into the following groupings: Very poor: 300 to 579. Fair: 580 to 669.

Which FICO score does Amex use?

Where does the data on American Express^® MyCredit Guide come from? The data on your MyCredit Guide is based on your Experian^® credit report. Your FICO^® Score is calculated based on information in that credit report.

What are the hardest Amex cards to get approved for?

Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion. And only the super rich and famous can expect to get the call, as...

What credit score for Apple Card?

Apple Card uses FICO Score 9. FICO Score 9 ranges from 300 to 850, with scores above 660 considered favorable for credit approval.

What is the usual credit limit for Amex?

The average credit limit for members who have matched with similar cards is $13,202, with $5,000 being the most common. The Platinum Card® from American Express does not have a traditional credit limit and was compared to similar premium cards.

What bureau does Amex pull?

American Express uses all three major credit bureaus: TransUnion, Equifax, and Experian. Either one or more credit bureaus may be used when evaluating am American Express credit card application. Credit reports, however, don't differ that much from bureau to bureau.

Is 730 score enough to qualify for a gold Amex?

American Express doesn't disclose its minimum credit score requirements. However, premium cards like the American Express Gold card generally require good to excellent credit. According to Equifax, one of the three main credit reporting bureaus, that means you'll need a credit score of 670 or higher.

How to go from 620 to 720 credit score?

How big of a loan can I get with a 620 credit score?

You can borrow anywhere from a few thousand dollars to $100,000+ with a 620 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.

Is a 900 credit score possible?

Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

What credit score is needed for a $300000 loan?

The required credit score to buy a $300K house typically ranges from 580 to 720 or higher, depending on the type of loan. For an FHA loan, the minimum credit score is usually around 580.

How to improve credit score from 620 to 700?

What credit score is needed for a $25,000 loan?

Typically, a desirable credit score for a $25,000 personal loan is around 670 and above, but some lenders work with those who have scores from 580 and up.

Does Amex approve instantly?

The card issuer offers a pre-approval feature that allows applicants to find out if they're approved for personal credit cards with just a soft credit check. But while the card issuer can make decisions immediately, it's not a guarantee. If your application for an Amex credit card is pending, here's what you can do.

Does Amex approve bad credit?

Unlike some other issuers, American Express does not offer cards geared toward people who have poor credit or who are rebuilding their credit. In other words, you'll likely need a score in at least the "good" range to qualify for an AmEx card. Other American Express cards will usually require even higher scores.

Does Amex build credit faster?

American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account. For an Amex card to be good for your credit score, the account must be kept in good standing with on-time monthly bill payments.